Get started
OffTheFloorTrader

We want more...downside!

Short
Gold Futures (COMEX:GC2!)  
OffTheFloorTrader  
COMEX:GC2!   Gold Futures
Gold goldstocks goldtrading GC1! (Gold Futures) GLD Gold Currencies Metals
0
0
gold goldstocks goldtrading gc1! gld gold currencies metals
After a few days of back and fill trading GC broke to the upside and squeezed the weak shorts. The pop was with good volume. We are still watching for more opportunity to the downside but we could chop around for a few weeks before seeing another leg down. Remember...the Dollar has broken out of a multi year consolidation and is expected to move significantly...this will put pressure on GC (gold).

To see more watch: youtu.be/CWncOt1XvFE

Related Ideas

OffTheFloorTrader
Goldie may follow crude down the slippery slope
OffTheFloorTrader
Goldie will look for more downside
OffTheFloorTrader
Goldie is trying to fight.
OffTheFloorTrader
Hang on to your hat...Goldie Locks is going for a ride
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.